Published: January 01, 2011
PwC is one of the world’s leading professional services firms. Our Corporate Treasury Solutions team is composed of more than 500 dedicated consultants worldwide. This is the 10th consecutive occasion on which PwC has won this particular award.
Sebastian di Paola, Partner in charge of PwC’s Treasury Consulting practice, comments: “We are extremely proud of this success. Ten in a row is quite an achievement, and we want to take the opportunity to thank our clients around the world for the trust they place in us and for making this success possible. The whole team is committed to continuing our efforts to provide you with the best possible client service, thought leadership and innovative solutions, hopefully for many years to come”.
A valued treasury
PwC helps clients create the value they’re looking for. Our Corporate Treasury Solutions practice has a global network of experienced professionals focused exclusively on working with you to build a treasury that will deliver shareholder value and enable management across the whole business to make the right financial decisions.
Tailored solutions for your unique needs
We believe that every treasury is unique. Each has to deliver against different strategic objectives, are all at different stages of maturity and all operate in different, sometimes difficult, corporate cultures. We use our experience and expertise to assess each treasury’s efficiency, frequently benchmarking standard processes. But for solutions to have maximum, sustainable impact they must be built around an understanding of what makes your treasury unique, so we tailor our solutions to suit your particular needs.
Access to a comprehensive range of specialists
Your businesses’ financial needs are varied and complex requiring specialists from a range of technical backgrounds. Our treasury professionals ensure you have access to the right specialist as you need them. Get commercial insight from ex-practitioners from leading corporations, international banks and system vendors. Tap into global expertise in treasury (including policy, processes, cash and financial supply chain management, commodity risk and financial risk, systems selection and implementation) and beyond (accounting, tax and corporate finance). Know that our change management specialists will help make your plans a reality.
Creating the value you’re looking for
Whether you want more transactional efficiency, increased financial value and flexibility, enhanced financial skills in the organisation to support the management agenda or active strategic input, we will work with you to build a Treasury that delivers on your objectives.
We will help you enhance shareholder value by optimising the capital structure to reduce costs of funds, we’ll optimise your financial risk profile to improve risk return and secure earnings and cash flow, and we’ll help you bring your skills across your whole business to improve margins.
If you want to do more with your treasury to identify, realise or create value for your business as a whole, please contact your local PwC treasury partner or one of our regional leaders:
Sebastian di Paola (Europe)+41 58 792 9603
[email protected]
Shyam Venkat (Americas)+1 646 471 8296
[email protected]
Robert Vettoretti (Asia Pacific)+86 21 2323 3223
[email protected]
Stephen Weston and Ben Moseley, Deloitte tax partners, are delighted to receive the Best Tax Adviser award from TMI magazine, on behalf of the tax treasury team.
Stephen Weston commented: “We’re really pleased to receive this award, particularly as it is voted for by the people we work with day-to-day. We feel that our unique blend of treasury, accounting and tax knowledge, together with our practical experience and insight, enables us to mitigate risks, enhance efficiencies, and address an entire spectrum of tax and treasury issues for our clients.
“The tax treatment of treasury transactions is vital to their overall efficiency, and the continual changes in the relevant accounting and tax rules mean that heads of tax and treasury face a constant challenge to stay up to date with ‘best practice’ – this is where we believe we can add value.”
Ben Moseley added: “Financial and treasury risk management continues to grow in importance, and cover a wider set of exposures, and we understand the need to constantly evolve to enable us to provide valuable advice. For example, an ability to converse in the language of treasury instruments and tools is critical if you want to be a credible adviser.
“During 2010 we worked with a significant number of the top 350 listed UK groups and many more large private and non-UK groups, assisting in the tax treasury aspects of many high profile transactions and providing day-to-day advice on all manner of treasury scenarios.”[[[PAGE]]]
Treasury is becoming increasingly strategic and global, and in 2010 we saw risk management high on the agenda of corporate boardrooms. Wall Street Systems prides itself in an ongoing investment into safeguarding our clients in today’s constantly changing market.
Wall Street Systems continues to offer market-leading solutions to corporations of all sizes to ensure visibility, real-time control and reporting of exposures and risk. In addition to Wallstreet Suite, the solution of choice for the world’s leading organisations with the most complex treasury requirements, this year we have expanded our range of solutions with the acquisition of City Financials, already used by over 50 mid-size and large organisations.
We have also made a significant investment in the fast growing electronic Bank Account Management (eBAM) market with the acquisition of Speranza Systems Inc. This market-leading solution streamlines processes, and eliminates inefficient paper-based practices for administering bank accounts and signature authorities. Wallstreet eBAM allows the corporation to switch to an automated process, 
helping them to better manage internal resources. Time is saved when opening, maintaining and closing bank accounts. The corporates have the ability to expedite some of the processes should financial institutions eliminate credit or servicing falls below acceptable standards. The corporate can now maintain robust audit trails and eliminate risk, also improving the quality of internal compliance controls and tracking of request status – vital for complex global corporations when dealing with hundreds or thousands of bank account relationships.
Wall Street Systems’ plans for 2011 include ongoing support of clients across the globe, ex cellence in on-boarding new clients, and driving innovation to meet the future demands of corporate treasury.
AvantGard takes a holistic view of customer services and support. By offering a full suite of services such as hosting, application management and system integration, as well as traditional technical support and consulting services, corporations are able to benefit from expert delivery of receivables, treasury and payments solutions. AvantGard uses a consultative approach to help organisations identify areas for improvement, as well as establish and embed best practices for increased return on investment.
For organisations that opt to outsource the management of applications, SunGard offers secure hosting in a SunGard data facility as well as domain expert management of applications. From consulting services for business, technology or IT engagements, system back-up and recovery, our qualified professionals can help corporations to drive their business strategies.
“We are very focused on our customers and are continuously striving to find new ways of supporting their business objectives. We also realise that hosting capabilities and working with one vendor across the ecosystem is important. As such, our dedicated staff has put a great deal of work into supporting our customers in these areas and we are pleased that TMI has recognised our efforts,” said Charlie Lunney, customer service czar, SunGard’s AvantGard.
www.reval.com
Founded in 1999 specifically to help companies understand the complexities of derivatives and enable them to utilise the instruments more effectively, Reval provides an award-winning Web-based platform that automates corporate financial risk management for a wide range of interest rate, foreign exchange, commodity and credit derivatives. Multinational corporations, financial institutions, and accounting firms globally use this SOX-compliant Software-as-a-Service (SaaS) to support and execute hedging strategies from exposure capture through hedge accounting and performance measurement. The solution enables compliance with worldwide accounting standards, including ASC 815 (FAS 133), ASC 820 (FAS 157), IAS 39, IFRS 7 and BilMoG.
Over 400 clients use Reval for its key strengths in delivering: support for market, credit and liquidity risk; best practice exposure aggregation, evaluation, and derivative execution tools; independent and accurate valuations of derivatives; functionality and expertise for evaluating and optimising hedging strategies.
The Reval® SaaS platform deploys rapidly and integrates easily with treasury management and ERP systems. The company’s team of financial experts is also available on an outsourced basis through Reval Center™.
Reval is headquartered in New York, with regional centres based in Philadelphia, Chicago, San Francisco, Toronto, London, Frankfurt, Sydney, Hong Kong, and Gurgaon.
SunGard’s AvantGard helps corporations to overcome the challenges surrounding cash and working capital management by offering holistic applications designed to drive stringent treatment of trade receivables, sophisticated treasury and cash management and coordinated execution of payment processing.
AvantGard solutions help foster transparency and improved efficiencies in the corporate commercial ecosystem, a strategy that is reshaping how organisations manage receivables, treasury and payments by networking these processes into a complete organisational view of cash and risk. By helping buyers, suppliers, banks and other trading partners reduce friction and increase the velocity of free cash flow, our customers can more easily track cash flows, capital allocation, capital at risk and intraday liquidity. This helps them to maximise the intrinsic value of their corporation by optimising, predicting and protecting their cash and liquidity.
“We appreciate the acknowledgement we have received in the Treasury Management International Awards. This recognition affirms the value and quality of AvantGard solutions,” said Ken Dummitt, president of SunGard’s AvantGard. “At SunGard, we believe in creating strong partnerships with our customers to help them work across their ecosystem of buyers, suppliers, banks and other trading partners. By listening to and working closely with our customers, we are helping them improve efficiencies and connectivity, as well as providing them with transparency into cash flow and risk.”
Many corporations are challenged by lack of infrastructure to support the routing, approval and onward transmission of payments. As a result, these corporations continue to rely on bank specific solutions, spreadsheets and manual processes. The outcome is poor visibility of cash out-flows, high operational costs and a risk of fraud. Compounding these challenges, many companies also depend on a fragmented array of systems for connectivity to banks, automated clearing houses and cheque printing systems.
The AvantGard Payments solution offers a unique suite for streamlining the processing of payments helping to improve payments STP, bank connectivity and back-office integration; reduce transactional and operational costs; increase security; and improve the management of payment information, exceptions and statement flows.
“With increasing attention being paid to the topic of liquidity, corporations are under increasing pressure to devise ways of managing their cash more effectively. Many corporations, however, continue using decentralised methods that are resulting in poor visibility and high operational costs as well as introducing the possibility for fraud-related risk. AvantGard Payments can help by providing corporations with a centralised payment platform that facilitates straight-though-processing (STP) and promotes centralised connectivity over SWIFT with banks and other trading partners,” said Andrew Owens, managing director of global payments in SunGard’s AvantGard Corporations business.[[[PAGE]]]
Companies increasingly view the management of working capital, particularly accounts receivable, as an important measure of a company’s financial health. Historically, these operations have been highly inefficient as a result of the lack of integrated systems being used to manage the order-to-cash cycle.
SunGard’s AvantGard addresses this challenge by providing a fully integrated, Web-based order-to-cash solution that enables companies to achieve significant financial and operational benefits. AvantGard Receivables drives automation, workflow and collaboration across the order-to-cash cycle, with detailed analysis and reporting capabilities for facilitating decision support.
“Efficient and effective receivables management is integral to the financial stability of any corporation. By automating workflows around credit and collections processing and management and adding transparency, a company is empowered to unlock hidden cash, enhance compliance management and improve customer service with greater response time. SunGard’s AvantGard provides corporations with visibility and a proactive approach to collections management in order to help them improve cash flow and reduce bad debt expense. We are happy that our hard work and success in receivables has been recognised by TMI and are proud to receive this award,” said Jim Mangano, SVP, Receivables Solutions, SunGard’s AvantGard.
IT2 Treasury Solutions is delighted to have retained TMI’s Best Back Office & Accounting System award in 2010.
IT2’s success is based on the delivery of best practice solutions that provide scalable real time visibility of cash and financial risk, as required by today’s treasurers.
IT2 provides the functional solution for back office and accounting – the core of treasury operations. It additionally offers solutions for front and middle office requirements, including risk management, and integral support where required for specialized activities such as the management of eBAM, trade finance, hedge accounting, commodities, leasing and investment. IT2’s process-orientated approach to treasury management offers seamless STP front-middle-back office workflows. IT2 is shipped with a comprehensive set of best practice libraries, of treasury processes, reports, dashboards and real time workbenches; these assure new clients of streamlined implementations, and operational clients of secure, controlled and fully transparent operations.
IT2 functions as the control hub for secure, transparent treasury operations, providing treasurers with integration with all complementary information sources, such as bank reporting and payment systems (including SWIFT), ERPs, dealing portals, confirmation matching services and market rate feeds.
360T
Companies increasingly view 360T as a leading global provider of progressive web-based trading technology for OTC financial instruments, enabling the buy side to trade multiple asset classes simultaneously with multiple liquidity providers in ‘request-for-quote’ and ‘executable streams’ mode. Based on its scalable and dynamic core technology, 360T operates this cross-product multi bank portal with deep liquidity of more than 75+ global market-makers and is a provider of state-of-the-art white label / intra-group trading technology.
TEX® Multidealer Trading System is 360T’s global cross-product Multibank Portal with rich liquidity of all major providers in multiple financial instruments. Corporate treasuries and other buy-side clients can trade FX, MM, IRDs and other financial instruments simultaneously with multiple market makers of their choice.
Supersonic Trader™, 360T’s professional solution for ultimately liquid and fast FX spot trading, provides instantly executable streamed prices from multiple providers enabling users to access full market depth in many currency pairs.
I-TEX® Intra-Group Trading System is 360T’s robust white label trading technology enabling group treasuries to offer professional electronic trading services internally to their subsidiaries on a proprietary branded platform.
Headquartered in Frankfurt am Main, Germany, 360T maintains subsidiaries in New York (360 Trading Networks Inc), Singapore (360T Asia Pacific Pte Ltd.) and Dubai (360 Trading Networks LLC).[[[PAGE]]]
MyTreasury is the leading global electronic trading platform specifically designed to meet the money market and FX trading needs of treasury investors. It is part of the electronic broking division of ICAP, the world’s premier interdealer broker and supplier of post trade services.
Justin Meadows, CEO, My Treasury said:
“We are delighted to have won this prestigious award which is testimony to the strength of the MyTreasury platform. We would like to thank the readers of TMI for the award and our customers for their continuing support. We look forward to working with them in future to grow and further strengthen the platform.”
MyTreasury was launched initially to offer offshore money market funds in the most popular currencies (CAD, EUR, GBP and USD) to European treasury investors and now has 100% of IMMFA money market fund providers live on the platform offering over 310 share classes across more than 150 funds. MyTreasury has more than 500 individual users in over 240 investor organisations ranging from local governments through all sizes of corporates to major financial institutions.
MyTreasury is the only trading platform to offer fully automated trading with all funds, requiring no manual intervention and no delegation of trading authority to the third-party platform provider. MyTreasury has also been integrated with all the major treasury management systems to deliver fully automated trade booking and settlement.
MyTreasury has extended its geographical operations to include Hong Kong, China and Singapore and to support this has recently brought AUD, CNY, HKD, NZD and SGD funds onto the platform. Trading operations have also been extended into the US with the addition of onshore funds to the platform.
The scope of the platform is currently being further extended to offer term deposits, certificates of deposit and FX early in 2011 and repos and commercial paper shortly afterwards.
Phone: +44 (0)20 7000 5163
Email: [email protected]
Web site: www.mytreasury.com
Corporate Recognition Award for Treasury Team of the Year
AkzoNobel
Corporate Recognition Award for Innovation and Excellence in Treasury Technology
Caterpillar
Corporate Recognition Award for Innovation and Excellence in Risk Management
Skanska Poland
Corporate Recognition Award for Innovation and Excellence in Cash Management
Aviapartner
Corporate Recognition Award for Innovation and Excellence in Financing
TenneT
Editor’s Special Award for Outstanding Editorial Contribution to TMI
François Masquelier[[[PAGE]]]
Global
Deutsche Bank
Europe
BNP Paribas
Eastern Europe
Societe Generale
Southern Europe
BNP Paribas
Nordic Region
SEB
Asia
HSBC
North America
Bank of America Merril Lynch
South America
Santander
Middle East & Africa
Standard Chartered
China
HSBC
Global
J.P. Morgan
Europe
BNP Paribas
Eastern Europe
Unicredit
Southern Europe
BNP Paribas
Nordic Region
SEB
Asia
Standard Chartered
North America
Bank of America Merril Lynch
South America
Citi
Middle Eats & Africa
HSBC
China
Standard Chartered
Global
J.P. Morgan Treasury Services
Europe
BNP Paribas
Asia
Standard Chartered
North America
Citi
Global
Deutsche Bank
Europe
RBS
Eastern Europe
RZB
Southern Europe
Santander
Nordic Region
SEB
Asia
Citi
North America
Citi
South America
BBVA
Middle East & Africa
Standard Chartered
China
HSBC
Best Bank for Corporate Finance
Lloyds
Best Bank for Pension Solutions
Nothern Trust
Best Money Market Fund- in Europe
Goldman Sachs Asset Management
Best Money Market Fund- in Asia
J.P. Morgan Asset Management
Best Money Market Fund- in North America
GSAM
Best Treasury Consultancy
PwC
Best Tax Advisor
Deloitte
Risk Management
Wall Street Systems
Cash & Working Capital
SunGard
Hedge Accounting
Reval
Customer Services
SunGard
Payments
SunGard
Receivables
SunGard
Back Office & Accounting System
IT2
FX Dealing Portal
360T
MMF Dealing Portal
MyTreasury
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